SURF systems can be divided into two main groups. Umbilicals control elements that have no contact with produced fluids. Risers and flowlines become the main transport system for produced fluids from the subsea production system to the surface processing system. The global SURF market can be broken down into the three elements (umbilicals, risers, flowlines) and the three water depth categories at which they are deployed (shallow, deep and ultra deep).

The oil price fall has changed the dynamics of the SURF market, and future oil price levels will strongly influence SURF expenditure. This is the case even for natural gas projects, as natural gas is tied to the price of oil in most regions.

As oil and gas production enters increasingly deeper and harsher environments, the challenges for subsea engineering, installation and maintenance become even tougher. When considering that the typical lifespan of a subsea system can be as much as 20 years, with hopes to extend this considerably, the demands on SURF systems are intensified.

The visiongain report analyst commented “Subsea production from existing facilities is expected to be the economical option for oil and gas operators which can help them maintain the production levels to cater the growing energy demand. However, the development of new fixed and floating platforms can prove to be expensive in the low oil environment.”

Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

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